What is "folding equity" in poker?

[freelancermaria]

Fold equity is defined as the probability that a bet or raise will prompt an opponent to fold their hand. A higher frequency of opponents folding in response to aggressive tactics correlates with increased fold equity. Players who employ an aggressive strategy can capitalize on fold equity, effectively convincing weaker hands to withdraw from the pot, even in the absence of strong holdings.

 

[Bawse]

I overbet pots to protect my hands. I like to price players out of pots to get them off their draws. Some loose players will call you down no matter what, and pay zero attention to fold equity.